Giant Solar Farm Seeks Backers to Deliver 24-Hour Power in Chile
- Chilean company has permits for 900-megawatt project
- Investment in solar-hydro plant estimated at $1.3 billion
A solar farm in the Atacama desert, northern Chile.
Photographer: Vladimir Rodas/AFP via Getty ImagesThis article is for subscribers only.
Valhalla Energia is seeking partners to build a 600-megawatt solar project in Chile that will incorporate hydropower to deliver energy 24 hours a day.
The company is in talks with investors to raise as much as 40 percent of the estimated $1.3 billion needed for the project -- $900 million for the solar component and $400 million for a 300-megawatt hydropower system -- according to Juan Andres Camus, Santiago-based Valhalla’s co-founder and chief executive officer. The rest will come from bank loans.